Sintered material and method of producing same

A sintered material includes a first phase and a second phase, wherein the first phase is composed of cubic boron nitride particles, and the following relational expressions are satisfied when more than or equal to two cubic boron nitride particles adjacent to and in direct contact with each other among the cubic boron nitride particles are defined as a contact body, Di represents a length of an entire perimeter of the contact body, n represents the number of contact locations at which the cubic boron nitride particles are in direct contact with each other, dk represents a length of each of the contact locations, and Σdk (where k=1 to n) represents a total length of the contact locations: Dii=Di+(2×Σdk (where k=1 to n)); and [(Dii−Di)/Dii]×100≤50.